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that happened today. john boehner, the speaker of the house, sent a message that a deal was in the works. he threw several house members off of key committees when they criticized him openly for looking like he was ready to make some deal on taxes with president obama. that's a sign to me that he's going to clear the decks to try to push through a deal. it's a sign that we're going get some kind of tax increases for the top 2%. i don't know where those numbers are going to be. pretty clear to me that a deal is in the works and we're heading in that direction. what i'm not sure of is whether the market will go up on this, necessarily. >> in terms of that january effect, bob, does that even matter this year? >> yes, look, it's not long from anybody, january and february are the best months of the year. that's a factor. >> let me ask you about putting money to work, keith springer. you say we're going to get a deal regardless. we may get a deal regardless, but that deal means probably higher taxes and lower spending. what are the areas in the economy in your view that get impacted most by a dea
you saw very little movement in the stock market in the middle of the day when representative boehner came out and said they'd gone nowhere on the talks. senator mcconnell described the white house offer as comical. that normally would have moved stocks down, but it didn't. i think that's a sign a lot of people believe a deal is coming. >> rick santelli, what's your take? >> i think there's no volatile ty on boehner's comments because geithner's comments were out there last noor nigight for eveo see. we're not going to hear anything sensible. now it becomes a time clock issue. i think sometime around the third week in december if you think the last hour was volatile going from minus 20 to plus 4, you ain't seen nothing yet. all the guests like the economy. i'm not disputing good things, but gdp didn't have a lot of consumption. today, personal income and spending, the spending was down a couple tenths. next week we have two jobs reports. one could argue the combination might be barely above the 171 from just the bls last month. people can't spend without jobs. same old story in my opi
for joining us. >> thank you. >> speaker boehner has put forward a proposal which "usa today" says demonstrates more political courage the democrats have shown. the white house is saying today it's not even wor ty -- worthy of a response. what are we missing? >> i think we are making progress. they acknowledged they were prepapered to do $800 billion in higher taxes on part of the american economy. that's part of the balanced framework. that's definitely progress. what we need to see is have them acknowledge the rates go up. if they're willing to accept that and commit to that, then we think we could do something good for the economy. we can make the government use the taxpayers' money more efficiently, lock in some spending savings and do some long-term entitlement reforms to make sure americans feel like they can retire with dignity. >> i want to make sure we're talking about apples and apples here, which is so hard in this discussion. the $800 billion which the republicans put forward, which would be a cap on deductions, how does that compare with how far the information is prep
reid digging in his heels, referring to house speaker john boehner when asked about the republican's position that the ball is in the democrat's court. he said he doesn't understand his brain. we'll hear what reid's nevada constituents think about the job he's doing. >>> also, could our debt mean the death of the dollar bill? i don't mean the value of the dollar. i mean the actual dollar bill. it may be on the endangered species list. stay with us. back in a moment. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> welcome back. chevron ceo john watson telling me exclusively today that the second largest u.s. energy company is moving forward on investments despite fiscal cliff concerns. we begin on our conversation, zeroing
presidehaven't seen meeting we want to see, the president and speaker boehner. we're seeing that now. >>> meanwhile, toronto dominion down today. it seems investors are worried about the company's higher expense and a slow down in mortgage growth. let's talking td bank. joining me now in a cnbc exclusi exclusive, the ceo ed clark. atlanta, georgi thanks for joining us. what do you think is most concerning here? how was the quarter? >> actually, we were very pleased with the quarter. really pleased with the year. we went into the year saying we were with going to have to work hard to get 7% earnings growth. we ended up with 8 and 10% overall growth. it's really actually, you know, we faced a lot of head winds this year. lots of things going on. so frankly, we're very pleased with the year. >> of course, you announced this acquisiti acquisition. why do this deal now? what was so important in terms of contributing to business? >> yeah, so, you know, we have signaled to the market for some time what we want to do. this fit absolutely perfect. it's one of these great firms. these are incr
put out a statement saying the boehner offer does not meet the test of balance because it doesn't raise tax rates for the wealthy. we also have a statement saying that the republican offer which they are quoting him in making this offer is simply a mid point of proposals and both sides need to come off their fixed position. >> we have 28 days left. thanks so much. as the markets remain laser focused on the fiscal cliff what else should we be watching tomorrow. joining me now to break it down. good to see you. barry, 30 seconds on the clock. what do you want to watch for tomorrow? >> i think the numbers reported are probably the big numbers, the automotive industry. the average age on the street is 11 years for cars. there is a good possibility auto makers will be responding favorably and the response to the cliff. anything positive would turn the negative emotion to positive emotion in stocks. >> what are we watching? >> i think we will be looking for the bank of canada. no expectation for a rate change. the economy struggling with weak exports and surging loan demand will be an
Search Results 0 to 5 of about 6